Triplex with 6.44% Cap Rate. Current loan on the property is assumable at well below market rate. Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. Front house will roll into a month to month lease starting 6/27/2025 without a rent increase. This may open opportunities for a owner occupied unit and keep the duplex as a rental. The 3-unit property consists of a 774 square foot, detached home built in 1924. A duplex on the back of the property was built in 2005. House features hard wood flooring, jack & jill bathroom and large unfinished basement. The duplex units are each comprised of 3 bedrooms & 2.5 bath with quality finishes, stainless appliances, gas fireplaces, quality flooring and fenced yards.
Listing Provided Courtesy of Jon-Paul Praisler, MORE Realty
General Information
616068677
33
DOM
8
7405.2 SqFt
7
4096
1924
RM1
Multnomah
R319476
Vestal 2/10
Harrison Park
Leodis McDaniel
MultiFamily
SECTION 33 1N 2E, TL 500 0.17 ACRES
Listing Provided Courtesy of Jon-Paul Praisler, MORE Realty
Krishna Realty data last checked: Jun 29, 2025 13:27 | Listing last modified Jun 26, 2025 09:25,
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Residence Information
4096
8
7
Composition
2,
Garage,OnStreet
2
1924
No
WoodSiding
CrawlSpace,Unfinished
CrawlSpace,Unfinishe
ConcretePerimeter
Features and Utilities
Gas
ForcedAir
PublicSewer
Gas
Gas
Financial
10911.38
0
TrashCollection
Cash,Conventional
05-24-2025
No
No
Comparable Information
33
36
Cash,Conventional
$825,000
$810,000
Jun 26, 2025 09:25
Schools
public Elementary : Vestal
2/10Ratings Middle : Harrison Park N/ARatings High : Leodis McDanielN/ARatings
Triplex with 6.44% Cap Rate. Current loan on the property is assumable at well below market rate. Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. Front house will roll into a month to month lease starting 6/27/2025 without a rent increase. This may open opportunities for a owner occupied unit and keep the duplex as a rental. The 3-unit property consists of a 774 square foot, detached home built in 1924. A duplex on the back of the property was built in 2005. House features hard wood flooring, jack & jill bathroom and large unfinished basement. The duplex units are each comprised of 3 bedrooms & 2.5 bath with quality finishes, stainless appliances, gas fireplaces, quality flooring and fenced yards.
